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Friday, July 17, 2009

Jul 17 2009

Nice profitable end to a nice profitable week. AIG long identified as a more than scalp worked and indeed brought nice gain about 50 cents. RIMM worked as well on a long side; BRCX decided to shake us out for a small stop on half lot which couldn't spoil the day.

[10:48] {Threei} watch now where we bottom out, that will be an indication where to trail the stop if we get a trigger for another half

[10:49] {jfjf64} wher is ya stp on this piece

[10:50] {nemo} .90

[10:50] {Threei} right under

[10:50] {ese} yhoo stopped .75 -.09

[10:50] {nemo} the proverbial "hair"

[10:50] {Threei} that's important diastinction

[10:51] {Threei} holding or losing the actual support

[10:51] {ese} this is not my day......

[10:52] {ese} as vad says " sometimes you are the windshield.....sometimes you are the bug!"

[10:53] {nemo} holding so far in a down market

[10:53] {nemo} kinda'

[10:55] {wulff} love that saying

[10:56] {ese} I like it too when it's not me

[10:57] {nemo} look at that bid at .98

[10:58] {nemo} gone

[10:58] {cosmo} 'don't be the bug; be the helmet'

[10:58] {cosmo} old biker saying....

[11:00] {nemo} Vad, if it chews through that big orer at .92, woul that be a good stop?

[11:00] {nemo} bid that is

[11:00] {ese} nice cos....... i like that better

[11:00] {dino} out sds .70, +.20

[11:00] {Threei} you are that eager to save 3 cents on half lot?

[11:01] {nemo} no, avoid slippage if it cracks the stop

[11:01] {cosmo} it goes better with music

[11:01] {Threei} then weigh it against being shaken out

[11:05] {ese} true

[11:05] {nemo} ese, did you ever hear of John Valbe?

[11:07] {Threei} done with AIG

[11:07] {BillyD} it was a good trade VAD

[11:07] {Threei} ty

[11:12] {fernp} have to go. see u on monday. good weekend to all

[11:13] {Threei} take care fern, have a good one

[11:13] {magoo} u too fern

[11:13] {BillyD} mkt seems to be in coma already

[11:21] {dino} sds s .75

[11:21] {jfjf64} what happen to easy moneyyyyyyyyyyyy

[11:22] {nemo} summer friday heading into lunch

[11:22] {Threei} it doesn't exist after morning rush is over

[11:22] {Threei} not in the summer

[11:22] {Threei} not on Friday

[11:22] {nemo} not at lunch

[11:23] {wulff} options exp.

[11:24] {Threei} no worky BCRX

[11:24] {nemo} there's that slippage

[11:24] {dino} cov sds .63, +.12

[11:25] {magoo} l MS .64

[11:25] {Threei} what slippage did you get??

[11:25] {Threei} .89 was there, .88 was there

[11:25] {nemo} .84

[11:25] {Threei} ???

[11:25] {Threei} you are kidding

[11:26] {nemo} no, blasted right through, I hit the button at .89 it just fell so I hit market sell

[11:26] {dino} nemo never kids

[11:26] {nemo} you had 3 or 400 shares at those levels...with you in there, that would gobble them up

[11:27] {nemo} shoulda' shorted :)

[11:34] {dino} tight range day

[11:34] {BillyD} yeah, NDX 10 pts

[11:37] {wulff} WFC

[11:38] {Threei} (US) White House Advisor Summer: Rising unemployment does not serve as apt basis for concluding that stimulus is falling short

[11:38] {Threei} - Rise in productivity during recession may be a sign of additional financial pressures on firmsmore... (related EUR/USD )

[11:48] {dino} sds l .75

[11:49] {ese} l fitb .14

[11:49] {nemo} not much movement, but volume pretty good

[11:49] {nemo} oil up big today

[11:50] {wulff} JPM long maybe, over .80

[11:54] {BillyD} I like COT setup but not today

[11:54] {BillyD} before it broke down...lol

[12:05] {wulff} Got WFC at .61 but got scared and sold early

[12:13] {nemo} MOS on a tear today

[12:15] {magoo} POT too

[12:15] {nemo} 4:1 % wise on MOS

[12:15] {nemo} well...3:1

[12:18] {BillyD} Vad, you watching BCRX

[12:18] {Threei} not sure for what

[12:18] {Threei} no pattern

[12:19] {BillyD} want to short but action says no

[12:19] {BillyD} just based on top of range

[12:22] {Threei} server bump?

[12:22] {BillyD} not here

[12:23] {dino} here

[12:27] {dino} upside has been relentless

[12:27] {nemo} all week

[12:27] {dino} y

[12:27] {BillyD} and downside the week before

[12:27] {Threei} Long Setup: RIMM .30 break

[12:27] {Threei} if stays above .20

[12:28] {ese} well I never!!!!!!!

[12:31] {dino} nor i

[12:35] {ese} could anything less be happening.........

[12:35] {nemo} there was plenty happening, we were just in the wrong places

[12:35] {jfjf64} good weekend all

[12:35] {Threei} see you in a year

[12:35] {Threei} take care jf

[12:36] {dino} cya jf

[12:36] {ese} cya jf

[12:36] {jfjf64} lotta fun this week goin to bank

[12:36] {jfjf64} lol

[12:36] {Threei} wtg

[12:36] {jfjf64} ty

[12:36] {Threei} but I am still leaving for a year

[12:36] {jfjf64} ese will tk ya spot

[12:36] {dino} gj

[12:37] {jfjf64} i bet he will hv music in background

[12:37] {ese} you bet

[12:38] {magoo} in rimm

[12:41] {magoo} CIT goin

[12:44] {nemo} anybody think MOS might be looking like a short?

[12:45] {nemo} guess not

[12:47] {magoo} kickin rimm

[12:49] {magoo} pulled a muscle dammit

[12:49] {nemo} stop "Web" surfin'

[12:49] {nemo} there goes mos

[12:53] {magoo} out rimm flat

[13:00] {ese} the myth of the "BLUSHDA" L=left R=right small l or r are grace notes...here we go..... rL rrL rL rrL etc etc lR llR lR llR....try it in triplets and sixteens next time you have time at home.....thank you....thought this would brighten your day

[13:00] {nemo} Somebody think up something creative with which to SMACK ese!

[15:04] {Threei} - Mayor Nutter took this action after the Pennsylvania legislature failed to grant him authorization to raise the city sales tax and change the formula for the city's contribution to its employee pension plan, which the mayor sought as a means of closing the city's budget gap.

[15:05] {BillyD} amazing signs everywhere

[15:06] {Threei} CNBC's Faber: Sources indicating investors would prefer investing in a debtor in possession scenario and that a bankruptcy filing is more likely than not at this point

[15:06] {Threei} - Faber reiterates bankruptcy filing is not likely today, but could come over the weekend